All of the following lead to more rapid economic growth EXCEPT
A) restricting international trade.
B) encouraging higher rates of saving.
C) supporting more research and development.
D) encouraging higher quality education.
A
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The Illyrian economy has 1000 people in the labor force. 100 people don't have jobs but are searching for work, another 100 people would like to have jobs but quit searching because of poor job prospects, and another 100 people don't work and don't
want to work. What's the rate of unemployment? A) 10 percent B) 20 percent C) 30 percent D) 100 percent E) None of the above.
Consumer spending accounts for about 70 percent of GDP
a. True b. False Indicate whether the statement is true or false
Suppose that international trade is the only kind of international transaction between the United States and Canada. The United States currently is experiencing a balance of trade deficit with Canada. What would happen to the United States and Canadian money supplies if the United States and Canada both used the gold standard?
A) The U.S. money supply would rise and the Canadian money supply would fall. B) Both the U.S. and Canadian money supplies would rise. C) The U.S. money supply would fall and the Canadian money supply would rise. D) Both the U.S. and the Canadian money supplies would fall.
In Figure 20.2, the increase in Real GDP might reflect 
A. increased consumer confidence. B. a weaker currency. C. increased current government spending. D. increased worker productivity.